I have found a really useful page on the GOV.uk site that displays a fairly comprehensive list of “connected persons” definitions. I have reproduced in full below. The relevant page is here. Appendix 19: connected persons – rules and definitions for taxation purposes The Valuation Office Agency’s (VOA) technical manual used to assess Capital Gains… Continue reading Connected persons
I wasn’t in my bath when I had this particular Eureka moment, I was actually discussing the MTDfB changes with HMRC’s implementation team following the annoncements made last week. In a nut-shell, it occurred to me that with a few changes (inexpensive changes!) the humble VAT return, which is already filed online, could be changed… Continue reading Transforming the VAT return into an MTDfB Tax Return
Directors are considered to be office holders and therefore not entitled to the NLW. Directors with a service contact, even if the terms are implied in some way, will be entitled to the NLW. Entitlement means that they must be paid at least the NLW or the employer (their company in most cases) will be… Continue reading Directors and the National Living Wage
I have copied in below an article I distributed to Landmark’s blog copy service today. I have often thought that it would be interesting to quantify the actual Class 1A NIC cost to employers of providing a company car. Very definitely, it is rarely 13.8% of the true cost of providing the vehicle. Feel free… Continue reading The hidden tax on car benefits for employers
The CIOT have produced an excellent listing of what’s in and what has been dropped in order to process the Finance Bill 2017 before parliament dissolves for the summer election. The table of changes is reproduced below. Although the clauses enacting MTD are in the “dropped list”, I see this as a temporary blip on… Continue reading Finance Bill wash-up
There is a really useful A to Z list of benefits in kind on HMRC’s web site at https://www.gov.uk/expenses-and-benefits-a-to-z For example, the first entry is for Accommodation and reads: 1. Overview As an employer providing accommodation for your employees, you have certain tax, National Insurance and reporting obligations. What’s included As well as the costs… Continue reading What is a benefit in kind?
It seems pretty clear that HMRC have set the commencement dates for implementation of their Making Tax Digital for Businesses program. They say: “…self-employed people and landlords will be required to start using the new digital service from: April 2018 for income tax and National Insurance contribution (NICs) purposes if your turnover is over the… Continue reading MTD – the way forward
HMRC have published a really well-presented PDF booklet “Research & development tax relief” – it was updated November 2016. It covers most of the basics and could be used in a variety of ways: Distribute a copy to staff who may become involved in advising clients. Add it to you own CPD reading list. Send… Continue reading R & D for small companies
Happy new tax year! I have updated all my tax support publications for changes that affect 2017-18. Details of the various publications available are set out below.
I am offering a 50% discount on the listed prices if you take out a Tax Library subscription. Continue reading “The Landmark Tax Library is open for 2017-18”
From today, I will endeavour to find something of interest to tax practitioners and post it on this blog. Often this will be link to web publications that I believe will be of interest. Occasionally, I may attach complimentary material that you can use in your practice to cross-sell or win new clients. Today, I’d… Continue reading Be an MTD guinea pig…